The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.Table: 10.1

-Refer to Table 10.1. The firm depicted in the table is a(n):

Question

The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.Table: 10.1
 
-Refer to Table 10.1. The firm depicted in the table is a(n):

Quizplus · Accepted Answer

The firm depicted in the table exhibits a constant marginal cost and a constant price, indicating that it is a perfectly competitive firm.

The Table Given Below Shows the Price of Each Unit